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China will have to reduce steel production in the coming days

Китаю придется в ближайшие дни сократить производство стали
The production of steel in China will be reduced after the fourth week in a row in a row in a row of metal rolling, they say in the Commodore Research & Consultance.

The drop in prices for hot-rolled rolls amounted to more than four percent, the managing director of the New York branch of Commodore Jeffrey Landsberg writes in an email today. The reserves of flat and construction rental in China grew by 10% over the past week and amounted to more than 21 million tons, he emphasizes.

"We believe that Chinese steel plants are already ready to start a temporary reduction in production to stimulate demand for steel and brown crowns " the report of Landsberg said. "It is clear that the production has much ahead of demand."

Recall that China is the largest manufacturer in the world, as well as the largest importer of iron ore and other metallurgical raw materials.


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